CHICAGO, March 26, 2021 /PRNewswire/ -- GoHealth,
Inc. (GoHealth) (NASDAQ: GOCO), a leading health insurance
marketplace and Medicare-focused digital health company, examines
the role of Value-Based Care (VBC) in Medicare Advantage (MA)
following its recent analysis revealing that, when considering
health plan designs available in the marketplace, the VBC model in
Medicare Advantage could be an ideal alternative for seniors to
achieve optimal care and cost-savings due to its primary focus on
quality care.
Value-Based Care (VBC), a model of care based on quality, not
the quantity of services, is the "standard of care" to treat
seniors 65 and over holistically, and help them achieve lower costs
and quality care during a critical period in their lives. According
to the Centers for Disease Control and Prevention, approximately
80% of seniors have at least one chronic disease, highlighting the
need for advanced care coordination.
MA and VBC work together to produce quality outcomes. With
Medicare Advantage, a multidisciplinary team provides personalized
care tailored to the member's needs to maximize wellness. This
level of expertise allows for early interventions during the
continuum of care, from care management and population health to
clinical care and member services, saving the healthcare system
significant dollars. On average, seniors can save as much as
$1,477 a year with Medicare
Advantage.
Read more: State of Value-Based Care in Medicare
Advantage: 2021 Outlook
"It is critical that we continue transitioning from the old way
of doing things to Value-Based Care, which will reduce costs and
improve outcomes for our seniors," said Paul Hain, M.D., Chief Medical Officer at
GoHealth.
Filling a Much-Needed Gap
GoHealth works closely with members to find the plan that best
meets their needs. As part of that collaboration, we educate
members on healthcare choices based on the continuum of care. But
that's just the beginning. In addition, we provide a seamless
coordination of care by addressing social determinants of health –
factors like socioeconomic level, transportation, and food
insecurity, which make 80% of a person's outcome, according to the
National Academy of Medicine. Health outcomes improve when social
determinants of health are addressed by the coordination of care
provided.
GoHealth's TeleCare team works with members to empower them with
meaningful interventions, including:
- Identifying cost-savings opportunities
- Finding doctors/specialists within the network
- Maximizing medical and pharmacy benefits
- Arranging transportation to and from doctor's appointments
- Explaining claims
- Coordinating doctor's appointments
GoHealth unravels the confusing details of health insurance and
Medicare to make every decision easier for members. Our goal is to
help members reach their health and financial wellness position,
starting with enrolling them in a plan that meets their needs at
the right cost.
About GoHealth, Inc.:
As a leading health insurance marketplace and Medicare-focused
digital health company, GoHealth's mission is to improve access to
healthcare in America. Enrolling in a health insurance plan can be
confusing for customers, and the seemingly small differences
between plans can lead to significant out-of-pocket costs or lack
of access to critical medicines and even providers. GoHealth
combines cutting-edge technology, data science and deep industry
expertise to match customers with the healthcare policy and carrier
that is right for them. Since its inception, GoHealth has enrolled
millions of people in Medicare and individual and family plans. For
more information, visit https://www.gohealth.com.
Contacts:
Investor Relations, IR@gohealth.com
Media Relations, pressinquiries@gohealth.com
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SOURCE GoHealth, Inc.